Gold prices in Egypt today, Sunday 7-18-2021

Gold prices in Egypt stabilized today, Sunday, at the same closing levels as last week, in conjunction with the weekly holiday for the goldsmiths market, and trading on gold stopped globally and locally, and 21 karat gold, which is the best-selling in Egypt, recorded 792 pounds per gram, and an ounce of gold recorded 1812 dollars.

The price of 18 karat gold recorded 678 pounds per gram, and 24 karat recorded 905 pounds per gram, and 21 karat gold amounted to 792 pounds, and the gold pound was 6336 pounds.

This week, the gold market went through many changes, for the precious metal to lose the top of its rise in about a month, after the dollar witnessed many changes to drop the precious metal globally to levels close to 1810 dollars per ounce. An economic report influenced gold trends.

On Monday, July 12, we saw the US 10-year bond auction and Tuesday, July 13, the announcement of the German CPI (monthly) (June), the Financial Stability Report of the Bank of England, the US CPI and the US 30-year bond auction.

Wednesday, July 14, we were up to date with the Bank of New Zealand interest rate decision, the British annual core CPI, the American producer price index, the minutes of the monetary policy committee meeting of the Bank of Canada, the statement of the interest rate decision by the Bank of Canada and the American crude oil stockpile

On Thursday, July 15th, the market witnessed the announcement of the Australian unemployment rate, the change in employment, the Chinese GDP (annualized) (Q2), the unemployment rate, the change in British employment, the Philadelphia manufacturing index (July), and the US jobless claims

US Industrial Production, Fed Chair Powell’s Testimony and New Zealand CPI

On Friday, July 16th, the market concluded with a noticeable decline to bring gold down from its rise in almost a month with the rise of the dollar and the announcement of the monetary policy report issued by the Bank of Japan and the core consumer price index for the Eurozone, US Retail Sales (MoM).

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Raising concern.. Gold prices in Egypt and globally this morning, Sunday, July 18, 2021

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Despite the stability of gold prices in Egypt, this morning, Sunday, July 18, 2021, at the low prices that they achieved on Friday evening, in response to the decline in the price of gold globally, at that time, it raises concern among investors due to market uncertainty, especially with the spread of the mutated Corona virus. “Delta” in a number of countries and its tendency to close, at a time when the American economic data came reassuring, and experts confirm that whoever buys gold for investment has to wait a bit until visions become clear and the market direction is determined during the next few period.

And the Gold Division in Egypt announced this morning that the price of 24-carat gold is 904 pounds, and the price of 21-carat gold is the most prevalent in Egypt, 792 pounds, and 18-carat gold is at 676 pounds, and the gold pound is at 6336 pounds.

The price of gold stabilized on the global stock exchange this morning, due to the cessation of trading on gold for the second day, to close the global stock exchanges and markets for the weekend on Saturday and Sunday, after it achieved a remarkable decline just before the closure.

Gold prices were affected globally, recently by the US government data, which was announced on Friday evening, which showed an increase in the retail sales index, with its core value, by 1.3%, in the month of June, while analysts had expected a rise of 0.4%, which caused gold to drop in spot transactions by 1.5%. 0.8%, and gold futures fell by 0.9%, and in contrast, the dollar index rose by 0.1%, as they have an inverse relationship, but the move was our start due to fears of the spread of the mutated Corona virus “Delta”.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, this morning, Sunday, was 800.74 pounds, while the “ounce” recorded, 1,812.36 dollars, which are the closing prices on Friday evening.

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Does the demand for gold rise during the Eid al-Adha period?

With the approach of Eid al-Adha, those interested in the gold market may wonder, are we witnessing an increase in demand for gold, and are prices changing as a result of high demand, if any, as well as the future vision of the price locally and globally.

Mohamed Nour, one of the gold traders, said that the supply and demand factors in Egypt do not affect the price of the precious metal in the current period, and the main driver in prices is the global price of an ounce, and in spot trades, and this is related to a large number of factors, including economic reports, inflation in America, the price of the dollar and other currencies The interest rate and yield of US bonds.

Nour added, in statements to “The Seventh Day”, that the local market may witness some slowdown in sales during the next ten days before Eid al-Adha, and it may move partially during the days of Eid, but we do not count on that to move sales, because the nature of Eid al-Adha It is different from Eid al-Fitr.

He pointed out that gold sales are witnessing movements during the Eid al-Fitr period, due to the demand for network purchases and the spread of wedding parties, which does not happen during the Eid al-Adha period.

Regarding the future vision of the gold price globally, Muhammad Nour stressed that the global price cannot be predicted in the form of its movements in the coming period, because it is linked, as I mentioned, to a large number of factors and influences, and an emergency event or an unexpected economic report can change the course and form of trading in the gold market.


Mohamed Nour, one of the gold dealers

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“High and awaiting the return of the stock market” .. the price of gold in Egypt and globally this morning, Sunday, July 11, 2021

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Gold prices in Egypt continued, this morning, Sunday, July 11, 2021, to stabilize at the high prices that were achieved on Friday, as a result of the stability of the gold price globally, to stop trading after the closure of global stock exchanges and markets for the weekend, on Saturday and Sunday.

And the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, this Sunday morning, is 897 pounds, and the price of 21-carat gold is the most prevalent in Egypt, 786 pounds, and 18-carat gold is at 674 pounds, and the gold pound is at 6280 pounds.

Global gold prices are awaiting the return of the stock market and global markets to work tomorrow, Monday morning, to determine the fate of the yellow metal, and the price of gold before closing for the weekend has achieved a remarkable rise due to the announcement of the Federal Reserve, Friday, the existence of a shortage in materials and suffocation of supply chains for a number of industries, as well as difficulties in employment. This hinders the newly recovered economic progress from the Corona virus, which sparked fear in the hearts of investors, so they turned to buying gold as a safe haven, and gold futures contracts ended the week’s trading, with an increase of 0.6%, to achieve gains for the third week in a row by 1.5%, and the price of spot gold delivery also increased by 0.4%.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, this Sunday morning, recorded 798.31 pounds, while the ounce recorded 1,808.53 dollars.

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Gold prices are down 6 pounds in evening transactions, and 21 karat records 782 pounds per gram

Gold prices recorded in Egypt’s evening trading today, Thursday, a decline of 6 pounds, against the backdrop of the drop in the price of an ounce of gold in global stock exchanges to below $1800 an ounce in spot transactions.

Gold prices today…

21 caliber records 782 pounds

18 caliber records 670 pounds

24 karat records 884 pounds

The gold pound recorded 6256 pounds

An ounce of gold is $1,798.

The decline in the price of gold in Egypt came against the backdrop of the decline of an ounce from 1810 dollars to below 1798 dollars an ounce in spot trading, at the time of drafting these lines with the continuation of trading on gold.

The price of gold on global stock exchanges this week recorded a high level after surpassing a very important resistance barrier at $1800, due to a decline in the US bond yield as well as the price of the US dollar.

The price of gold in Egypt recorded levels of approximately 790 pounds per gram of 21 karat, which is the best-selling in Egypt, but prices fell on Thursday evening to levels of 782 pounds.

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“Because of Corona’s mutations” .. a rise in gold prices in Egypt and globally this morning, Tuesday, July 6, 2021

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Gold prices in Egypt witnessed, this morning, Tuesday, July 6, 2021, a slight rise in response to the rise in the price of gold globally with the beginning of trading, and the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, this morning, Tuesday, 894 pounds, And the price of 21-carat gold, the most prevalent in Egypt, is 781 pounds, 18-carat gold is at 670 pounds, and the gold pound is at 6260 pounds, and experts expect a new rise in gold locally throughout the day in response to the global rise.

And gold prices globally achieved a significant increase in the beginning of trading, achieving an increase of 1.3%, an increase of $ 22 an ounce, to breach the barrier of 1800 dollars, which it missed for some time, to reach its highest level in 3 weeks, and gold opened trading at 17787.5 dollars an ounce, while it reached It is trading at $1,806 an ounce.

The rise in gold prices is due to the increasing fears about the mutants of the Corona virus, which is sweeping many countries, in addition to conflicting data regarding the feasibility of vaccines with the new mutated corona.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, this morning, Tuesday, 796.05 pounds, while the ounce recorded 1,805.82 dollars.

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“Keep rising” .. the price of gold in Egypt and globally in the middle of trading today, Friday, July 2, 2021

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Gold prices today, Friday, rise 5 pounds, and 21 karat records 780 pounds per gram

Today, Friday, gold prices in Egypt recorded an increase of 5 pounds, to record 21 karat gold, which is the best-selling in the Egyptian market, 780 pounds per gram for the first time this week, against the background of the rise of an ounce of gold to levels of 1787 dollars.

Gold prices today

18 karat records 669 pounds per gram

21 karat records 780 pounds per gram

24 karat records 891 pounds per gram

The gold pound is 6240 pounds

An ounce of gold is 1787 dollars

Global gold recorded a noticeable rise on Friday, July 2, as its attractiveness was boosted by concerns surrounding the spread of the delta strain of the Corona virus, while investors awaited the US non-farm payroll data as it may influence the timing of the Fed’s policy shift.

The most contagious delta strain of the Corona virus caused countries in Asia and Europe to back off plans to reopen, while the White House said it would send special teams to hot spots across the country to combat infection.

The focus is now on the US non-farm payrolls data, which is likely to show an increase of 690,000 jobs last month according to a Reuters poll.

Data on the number of US private sector workers and jobless claims released this week showed that the labor market is gaining speed as the economy fully reopens.

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Gold prices fell today 3 pounds.. and 21 karat records 772 pounds without workmanship

Gold prices fell today, Wednesday, in Egypt, by 3 pounds, to record 21 karat gold, which is the best seller in Egypt, 772 pounds per gram without workmanship, while an ounce of gold recorded clear fluctuation and continuous movement in the global stock market.

Gold prices today:

Caliber 18: 661.70 pounds.

Caliber 21: 772 pounds.

Caliber 24: 882.25 pounds.

The gold pound: 6176 pounds.

An ounce of gold is $1,755.

Precious metals markets were subjected to a clear shock on Tuesday, with the announcement of positive data on the growth of the US economy, which was reflected in gold prices on global stock exchanges, which recorded a noticeable decline to close to levels of $1750 per ounce, and the markets are awaiting today, Wednesday, June 30, 2021, the announcement of some economic data that is expected. To affect the international prices of gold, and then the prices in the Egyptian market.

Mamdouh Abdullah, an expert in precious metals markets, says that the gold markets are awaiting the data of the Chinese manufacturing PMI and the Chinese non-manufacturing PMI, indicating that if these data are positive, the market is subject to further decline.

Abdullah added, in exclusive statements for the seventh day, that today, Wednesday, it is also scheduled to announce the final reading of the British gross domestic product (quarterly), as well as the change in employment in the private sector in the United States, which is the most important data we are waiting for this week, which will have clear repercussions. on gold prices globally and locally.

He pointed out that among the economic events are also the announcement of the Canadian gross domestic product (monthly), the purchasing managers’ index in the state of Chicago, the pending home sales in the United States, and US crude oil stocks, pointing out that today is the most important this week, and the markets will witness a great movement.

He explained that the jobs report in America alone has significant effects on the movement of gold, so all traders are waiting for this data to make buying or selling decisions, noting that the price in Egypt is of course subject to change with these events and reports.

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The lowest in 11 weeks due to a sudden drop.. the price of gold in Egypt and globally on the evening of June 29, 2021

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The price of gold witnessed, this evening, Tuesday, June 29, 2021, a sudden decline to reach its lowest level in 11 weeks, affected by the rise of the dollar, due to fears of the Federal Reserve’s tendency to tighten monetary policy and raise interest rates before the time specified before.

The yellow metal suffers from a state of instability and swings between ups and downs as traders await the new US economic data, especially the monthly jobs report.

The price of gold in Egypt has witnessed, since the morning, a successive decline, followed by a slight increase, but it is still lower than the prices achieved in the morning, and gold in Egypt is affected by international prices in light of the weak demand for it locally.

And the Gold Division in Egypt announced that the price of 24-carat gold, in goldsmiths without workmanship, this evening, Tuesday, amounted to 884 pounds, and the 21-carat most prevalent in Egypt, 774 pounds, and 18-carats 664.5 pounds, and the gold pound at 6190 pounds.

And the global price of gold witnessed, this evening, a significant decline, reaching $30 an ounce, achieving its lowest level since mid-April, due to the rise in the dollar index, which reached its highest level in two months.

Gold futures fell during the Asian session, as well as spot gold, by 1.4%, while the dollar index rose by 0.3%, with the stability of the return on US bonds, and gold is affected globally by the dollar index and the bond yield, as it has an inverse relationship with them. In light of the dollar’s strength and positive US economic data, which enhances the demand for the dollar and weakens the demand for the yellow metal, which has lost its luster in front of traders.

And the price of 21 karat gold, the most prevalent in Egypt, in the financial markets, on Tuesday evening, was 776.79 pounds, and in the morning it was 782.89 pounds, while the “ounce” recorded 1,761.79 dollars, and in the morning it was 1,773.74 dollars.

“Al-Masry Al-Youm” publishes gold prices on Tuesday evening, June 29, 2021, in goldsmiths’ shops in Egypt, without workmanship.

Unit The price of gold in Egyptian pounds
24 . caliber 883 to 886
22 . caliber 810 to 813
21 . caliber 773 to 775
18 . caliber 663 to 665
14 caliber 515 to 517
12 . caliber 442 to 443
ounce 27,475 to 27,546
gold pound 6,148 to 6,200
kilo 883,429 to 889,714

Average gold prices in the financial markets in Egypt and globally, Tuesday evening, June 29, 2021

M Unit Egyptian Pound American dollar
1 24 karat gold price 887.76 EGP 56.64 $
2 22 karat gold price 813.78 EGP 51.92 $
3 21 karat gold price 776.79 EGP 49.56 $
4 18 karat gold price 665.82 EGP 42.48 $
5 14 karat gold price 517.86 EGP 33.04 $
6 12 karat gold price 443.88 EGP 28.32 $
7 10 karat gold price 369.90 EGP 23.60 $
8 The price of the gold pound (weight 8 grams, 21 karat) 6,214.34 EGP 396.50 $
9 24 karat gold price per ounce 27,612.53 EGP 1,761.79 $
10 The price of the gold ingot (weight 100 grams, 24 karat) 88,776.35 EGP 5,664.29 $
11 24 karat gold price per kilo 887,763.54 EGP 56,642.86 $

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10 pounds, an increase in gold prices within a week, and 21 karat records 775 pounds per gram

Gold prices in Egypt recorded during this week’s trading, which begins on Monday and ends on Friday, according to the trading dates for gold globally, an increase of 10 pounds, as the price of a gram of 21 karat gold, which is the best-selling in Egypt, jumped from 765 pounds, which is the opening price of trading at the beginning of the week to 775 pounds, which is the price now registered in the market

And we witnessed an average week in terms of trading on gold globally, despite the major economic events, but gold prices moved in a semi-fixed price channel between 1770 and 1785 dollars per ounce throughout the week’s trading.

This week, we witnessed a number of economic events and developments, including the announcement of Australian retail sales, the speech of Christine Lagarde, President of the European Central Bank, the testimony of Jerome Powell, Chairman of the Federal Reserve before Congress, and the minutes of the Monetary Policy Committee meeting of the Bank of Japan.

This week we were also exposed to the speech of the Assistant Governor of the Reserve Bank of Australia, German Manufacturing and Services PMIs, Eurozone Manufacturing and Services PMIs, UK Manufacturing and Services PMIs, Canadian Retail Sales, US Manufacturing and Services PMIs, US Crude Oil Inventories.

Thursday, June 24th saw the German Business Climate announcement from the Ifo Institute, the monetary policy summary, the Bank of England interest rate decision, the final US GDP reading and US weekly unemployment benefits.

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